Page 32 - Us Economy
US economic growth accelerates in Q4; corporate profits slow
For all of 2021, the economy grew 5.7%, the strongest since 1984, after the government provided nearly $6 trillion in pandemic relief
 "US economic growth accelerates in Q4; corporate profits slow")
World stocks lose steam, bond markets suggest pain ahead for US economy
Market players said the signals coming from bond markets were at odds with the mood in equity markets
 "World stocks lose steam, bond markets suggest pain ahead for US economy")
US President Biden budget has Manchin priorities: Tax rich, cut deficit
US President Joe Biden's $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans.
 "US President Biden budget has Manchin priorities: Tax rich, cut deficit")
Approval of Joe Biden's handling of economy declining, shows new poll
A new polls has revealed that the approval of Biden's handling of the economy was declining as the cost of living has jumped to become Americans' most important issue
 "Approval of Joe Biden's handling of economy declining, shows new poll")
Weekly USDA wheat ratings rise in Kansas, drop in Oklahoma, Colorado
The US Department of Agriculture's (USDA) National Agricultural Statistics Service in a weekly crop report on Monday rated 32% of the winter wheat in top producer Kansas
 "Weekly USDA wheat ratings rise in Kansas, drop in Oklahoma, Colorado")
Average US gas price drops 6 cents over 2 weeks to $4.37 a gallon
The average US price of a gallon of regular-grade gasoline dropped 6 cents over the past two weeks to $4.37 per gallon.
 "Average US gas price drops 6 cents over 2 weeks to $4.37 a gallon")
US recovery helped India achieve the $400-billion mark for exports
During the first 11 months of the fiscal year, outbound shipments to China grew at 7 per cent, with shipments valued at $19.8 billion.
 "US recovery helped India achieve the $400-billion mark for exports")
Flows to funds offering exposure to US assets may pick up: Cameron Brandt
I do not see yields climbing as much as some predict, says Brandt
 "Flows to funds offering exposure to US assets may pick up: Cameron Brandt")
US administration to send out nearly $3 bn in disaster relief grants
The Biden administration is allocating nearly $3 billion in disaster relief funding to cover recovery efforts by multiple state and local governments.
 "US administration to send out nearly $3 bn in disaster relief grants")
Joe Biden aides to US Congress: Fund Covid aid, don't cut budget
Congress should provide the $22.5 billion President Joe Biden wants for continuing the battle against Covid without cutting other programs to pay for it, senior administration officials said
 "Joe Biden aides to US Congress: Fund Covid aid, don't cut budget")
Dollar gains ground after Fed chief Powell's comment over monetary policy
The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from US Federal Reserve Chair Jerome Powell
 "Dollar gains ground after Fed chief Powell's comment over monetary policy")
Fed must move 'expeditiously' and, if needed, more aggressively: Powell
Fed policymakers last week raised interest rates for the first time in three years and signaled ongoing rate hikes ahead
 "Fed must move 'expeditiously' and, if needed, more aggressively: Powell")
Fed hawks say more dramatic rate moves may be needed to tame inflation
Fed officials hiked interest rates this week for the first time in three years and signaled that more rate increases are coming
 "Fed hawks say more dramatic rate moves may be needed to tame inflation")
Explained: Why you should care as the US yield curve flattens further
The shape of the yield curve is a key metric investors watch as it impacts other asset prices, feeds through to banks' returns and has been an indicator of the economy.
 "Explained: Why you should care as the US yield curve flattens further")
History shows the heat will be on Fed Reserve post interest rise hike
Not all of the Fed's efforts to tighten monetary policy have worked the same way.
Americans may have reached tipping point with all-time high fuel rate: Poll
The new poll has said that Americans may have reached a tipping point with the national average fuel price at an all-time high of over $4 for one gallon.
Oil shock is coming, but US may have already paid for it: Report
The gusher of money the US government poured into family bank accounts during the coronavirus pandemic may now help limit the economic damage from Russia's invasion of Ukraine
 "Oil shock is coming, but US may have already paid for it: Report")
House Democrats drop Covid-19 funds plan to make way for US spending bill
Democratic leaders abruptly abandoned plans for a fresh infusion of $15.6 bn for battling the Covid pandemic, clearing the way for House debate and passage of a vast government spending bill
 "House Democrats drop Covid-19 funds plan to make way for US spending bill")
US job openings near record in January, adding to price pressures
US businesses posted a near-record level of open jobs in January, a trend that has pushed up worker's pay and added to inflationary pressures in the U.S.
 "US job openings near record in January, adding to price pressures")
Stocks slide, commodities spike as Ukraine war shakes markets
The major U.S. stock indices declined less as Europe's dependence on Russian energy and its proximity to Ukraine has slammed the continent more than other parts of the globe
 "Stocks slide, commodities spike as Ukraine war shakes markets")